Polygon, Polkadot, VeChain…Even though it is impossible to accurately predict the rise or fall in the price of certain cryptocurrencies, some traders continue to make their assumptions.
In our new LATOKEN review, we want to tell you about three interesting altcoins. However, do not forget that you must stay up to date when dealing with cryptocurrency, do your research, and make your own decisions.
It is exciting to watch the cryptocurrency market when events develop exceptionally rapidly at the end of the year. In this LATOKEN review, we want to talk about three interesting altcoins — Polygon (MATIC), Polkadot (DOT), and VeChain (VET).
Polygon
Last week, the Polygon token broke through a powerful resistance level, which was around $2.7. Some traders also claim that this altcoin could test this level as a powerful support. However, whether Polygon will be able to rise in price shortly remains unknown.
On December 27, Polygon hit its all-time high above $ 2.9. In 24 hours, the altcoin price has grown by more than 7%, and its capitalization has increased to $ 19.7 billion, according to CoinGecko. On the LATOKEN crypto exchange, this altcoin is trading at $ 2,819.
START TRADING MATICPolygon is an Ethereum-compatible second-tier sidechain powered by the PoS (Proof-of-Stake) algorithm. It has faster speeds and lower fees than the main Ethereum network.
Polkadot
The Polkadot token may be in a downward trend right now. This altcoin needs to break through the $31-32 level and gain a foothold above to return to growth. After that, the cryptocurrency might be able to face the first resistance; however, one cannot be sure of it.
On December 27, Polkadot is trading at roughly $ 32.3. You can buy this altcoin on the LATOKEN exchange. During the day, the cryptocurrency’s price increased by 11%, and its capitalization increased to $33.7 billion. The altcoin updated its all-time high in early November when it was above $54.9. Since then, its price has dropped by 42%.
START TRADING DOTPolkadot is a system that connects different blockchains and allows them to interact. The project’s primary goal is to create a unified financial space without borders within the framework of a multi-blockchain.
VeChain
Does the VeChain token have a chance to become one of the most promising in 2022? Hardly anyone can say. Some are sure that this cryptocurrency is in the stage of accumulating volumes, and in the coming months, everything may change both for the better and the worse. In order for the altcoin to begin to rise, it may need to overcome a critical level of resistance.
On December 27, VET is trading at $ 0.10 on the LATOKEN crypto exchange. The capitalization of the token is $6.4 billion. During the day, the altcoin has risen in price by more than 5%. The cryptocurrency has renewed its all-time high in April this year above $0.28. However, the coin’s value has dropped by 68% since then.
START TRADING VETVeChain is a blockchain platform for working with smart contracts, focusing mainly on business applications, namely, supply chains (tracking, quality control, inventory, etc.).
Do you want to learn more about the most promising tokens through LATOKEN Review, and always stay up to date? To do this, just follow us on Medium, LATOKEN Blog, or LATOKEN VCTV channels.
About LATOKEN
- Ranked #2 worldwide in the startup tokens primary market with 220+ IEO’s since 2017.
- Has over 2 mln registered users, over 1 mln Android app installs.
- Is in the TOP 10 of CoinGecko rank by the amount of token pairs and coins listed.
- VCTV, a live streaming panel with high-profile industry leaders, produced over 500 shows to advise traders and investors how to navigate the crypto world with discussions, news updates, and interviews.
- Advisory Board includes former CFOs from JP Morgan and Paypal.
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LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.
